Funding you earn now, next payment 23:00 UTC−0.0132%/8h= −14.5% APRnext payment −$0.17 per $10,000 · paid last 24h −0.022%
Price spread now: Polymarket Perps against Coinbase International+0.157%47s7-day average −0.007% · you sell dearer than you buy
Net, funding: paid 7d − costs−$27as in the Funding arb table
Net, price: spread back to 7d avg − costs—prices read too far apart to compare
costs, in and out, $10k−$380.377% of the position
Funding, last 7 days+0.103%+$10 on $10k
+Price spread, last 3 days (all we have)−0.230%−$23 · spread now +0.157%, 7d avg −0.007%
=The price spread pays, funding is against you. Polymarket Perps is 0.164% dearer against Coinbase International than usual: you sell high and buy low (spread +0.157% now, against its 7-day average of −0.007%): +$16 on $10k if it goes back. Holding the pair costs −$4 a day in funding at the current rate, which eats that in about 4.1 days. Mind the row above: over the last 7 days funding on this pair paid +0.103%, so the current rate has only just turned against you. The two prices were read 47 seconds apart, so part of this spread may be the market moving, not a spread.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Coinbase International UNI-PERP-INTX | 8.9960 | 0.0232 | pay 0.0029% / 1h | 22m 34s | $1.1M | $5.4M | 50x |
| Short | Polymarket Perps UNI-USD | 9.0101 | 0.0100 | get 0.0013% / 1h | 22m 34s | $85K | $363K | 10x |
Coinbase International UNI-PERP-INTX
Polymarket Perps UNI-USDFunding history
latest
Range statsloading…
Price spread between the two exchanges
Polymarket Perps against Coinbase International. Falling: the short leg gains. Rising: it loses.latest
Price spreadloading…
Funding on every exchange
click an exchange to add or hide itlatest
How often the price spread is this wide · share of time at each level, last 7D show
Profit calculator
- Funding earned
- −$27.72
- Price spread: +0.157% → −0.007%
- $16.39
- Slippage, 4 orders
- −$19.75
- Fee Coinbase International: 5 bp × 2 orders
- −$10
- Fee Polymarket Perps: 4 bp × 2 orders
- −$8
- Net
- −$49.08
- Costs to cover
- 0.377%
- Break-even
- never at this rate
Slippage from Coinbase International: live order book, 1 min ago; Polymarket Perps: live order book, 55 min ago.
Cost to enter
taker fee + slippage from the mid, one side; closing costs about the same again| Leg | Half-spread | $10k | $100k | $1M | $5M |
|---|---|---|---|---|---|
| Buy Coinbase International live order book, 1 min ago | 5.56 bp | 10.6 bp −$11 | 17.9 bp −$179 | doesn't fit | doesn't fit |
| Sell Polymarket Perps live order book, 55 min ago | 2.25 bp | 6.4 bp −$6 | 6.7 bp −$67 | doesn't fit | doesn't fit |
UNI on 40 venues
lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Injective UNI/USDC PERP | −0.0049% | 1h | 8.8300 | −1.845% | $660 | $155K | 12x | as long as short |
| gTrade (Gains Network) UNI/USD | L +0.0004% / S −0.0004% | 1h | 8.9824 | −0.151% | $62K | — | 150x | as long as short |
| Variational Omni UNI | +0.0051% | 8h | 8.9935 | −0.028% | $4.1M | $4.4M | — | as long as short |
| OKX UNI-USDT-SWAP | +0.0092% | 8h | 9.0080 | +0.133% | $55.1M | $250.0M | 50x | as long as short |
| Bybit UNIUSDT | +0.0093% | 8h | 9.0100 | +0.156% | $102.2M | $104.9M | 75x | as long as short |
| Nado UNI-PERP | +0.0100% | 1h | 9.0035 | +0.083% | $955K | $4.2M | 10x | as long as short |
| Aster UNIUSDT | +0.0100% | 8h | 8.9986 | +0.029% | $1.0M | $3.3M | 50x | as long as short |
| Pacifica UNI | +0.0100% | 1h | 8.9971 | +0.012% | $298K | $593K | 10x | as long as short |
| Binance UNIUSDT | +0.0100% | 8h | 9.0100 | +0.156% | $222.9M | $590.2M | 75x | as long as short |
| Arcus UNI-USD | +0.0100% | 1h | 9.0120 | +0.178% | $265K | $632K | 10x | as long as short |
Injective UNI/USDC PERP
gTrade (Gains Network) UNI/USD
Variational Omni UNI
OKX UNI-USDT-SWAP
Bybit UNIUSDT
Nado UNI-PERP
Aster UNIUSDT
Pacifica UNI
Binance UNIUSDT
Arcus UNI-USDShow all 40 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Gate UNI_USDT | +0.0100% | 8h | 8.9990 | +0.033% | $23.0M | $58.8M | 75x | as long as short |
| MEXC UNI_USDT | +0.0100% | 8h | 8.9980 | +0.022% | $43.7M | $24.0M | 200x | as long as short |
| KuCoin UNIUSDTM | +0.0100% | 8h | 8.9910 | −0.056% | $13.6M | $13.5M | 75x | as long as short |
| Bitget UNIUSDT | +0.0100% | 8h | 9.0070 | +0.122% | $32.9M | $42.0M | 75x | as long as short |
| BingX UNI-USDC | +0.0100% | 8h | 8.9990 | +0.033% | — | $6.5M | — | as long as short |
| Backpack UNI_USDC_PERP | +0.0100% | 1h | 8.9969 | +0.010% | $1.0M | $2.4M | 10x | as long as short |
| edgeX UNIUSDC | +0.0100% | 4h | 8.9779 | −0.201% | $169K | $343K | 20x | as long as short |
| GRVT UNI_USDT_Perp | +0.0100% | 8h | 9.0060 | +0.111% | $632K | $2.5M | 10x | as long as short |
| ApeX Omni UNIUSDT | +0.0100% | 1h | 8.9790 | −0.189% | $88K | $711K | 50x | as long as short |
| StandX UNI-USD | +0.0100% | 1h | 8.9830 | −0.145% | $36K | $3.3M | 20x | as long as short |
| Polymarket Perps UNI-USDshort | +0.0100% | 1h | 9.0101 | +0.157% | $85K | $363K | 10x | |
| Orderly PERP_UNI_USDC | +0.0100% | 8h | 8.9850 | −0.122% | $16K | $1.7M | 10x | as long as short |
| SunX UNI-USDT | +0.0100% | 8h | 8.9870 | −0.100% | $36K | $1.3M | 30x | as long as short |
| SoDEX UNI-USD | +0.0100% | 1h | 8.9905 | −0.061% | $21K | $676K | 10x | as long as short |
| HTX UNI-USDT | +0.0100% | 8h | 9.0040 | +0.089% | $719K | $4.3M | 75x | as long as short |
| Phemex UNIUSDT | +0.0100% | 8h | 8.9930 | −0.033% | $27.1M | $4.5M | 50x | as long as short |
| Paradex UNI-USD-PERP | +0.0100% | 8h | 8.9962 | +0.002% | $26K | — | 20x | as long as short |
| Extended UNI-USD | +0.0104% | 1h | 8.9955 | −0.005% | $303K | $1.5M | 25x | as long as short |
| Aevo UNI-PERP | +0.0104% | 1h | 8.9892 | −0.076% | $32K | $1K | 3x | as long as short |
| 01 Exchange UNIUSD | +0.0176% | 1h | 9.0132 | +0.191% | $450 | — | 10x | as long as short |
| BloFin UNI-USDT | +0.0220% | 8h | 8.9920 | −0.044% | $10.1M | $3.5M | 75x | as long as short |
| dYdX UNI-USD | +0.0230% | 1h | 8.9958 | −0.002% | $249K | $6K | 10x | as long as short |
| Coinbase International UNI-PERP-INTXlong | +0.0232% | 1h | 8.9960 | long leg | $1.1M | $5.4M | 50x | |
| Deribit UNI_USDC-PERPETUAL | +0.0247% | 1h | 8.9911 | −0.055% | $579K | $176K | 50x | as long as short |
| Reya UNIRUSDPERP | +0.0364% | 1h | 9.0056 | +0.106% | $16K | — | 20x | as long as short |
| GMX UNI/USD [UNI-USDC] | L +0.0382% / S −0.0323% | 1h | 8.9844 | −0.129% | $568K | — | 120x | as long as short |
| Hyperliquid UNI | +0.0504% | 1h | 8.9969 | +0.010% | $98.6M | $59.0M | 10x | as long as short |
| Kraken Futures PF_UNIUSD | +0.0563% | 1h | 8.9958 | −0.002% | $5.0M | $7.0M | 50x | as long as short |
| Aftermath Perps UNIUSD | +0.0807% | 1h | 8.9925 | −0.038% | $1K | $49K | 10x | as long as short |
| Lighter UNI | +0.0880% | 1h | 9.0095 | +0.150% | $4.6M | $5.2M | 15x | as long as short |
Gate UNI_USDT
MEXC UNI_USDT
KuCoin UNIUSDTM
Bitget UNIUSDT
BingX UNI-USDC
Backpack UNI_USDC_PERP
edgeX UNIUSDC
GRVT UNI_USDT_Perp
ApeX Omni UNIUSDT
StandX UNI-USD
Orderly PERP_UNI_USDC
SunX UNI-USDT
SoDEX UNI-USD
HTX UNI-USDT
Phemex UNIUSDT
Paradex UNI-USD-PERP
Extended UNI-USD
Aevo UNI-PERP
01 Exchange UNIUSD
BloFin UNI-USDT
dYdX UNI-USD
Deribit UNI_USDC-PERPETUAL
Reya UNIRUSDPERP
GMX UNI/USD [UNI-USDC]
Hyperliquid UNI
Kraken Futures PF_UNIUSD
Aftermath Perps UNIUSD
Lighter UNI